Investors lent Japanese Yen to invest in Bitcoin and Nvidia – But then Japan raised interest rates
Now that the dust from last week’s stock market storm has settled, analysts are wondering what exactly happened. An investigation by several media behemoths found that the main culprit appears to have been the so-called ‘Yen Carry trade’, in which investors borrowed money in Japanese Yen (with an interest rate close to 0) and then […]